McLain Kevin 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) SVP Kevin McLain Converts RSUs; 466 Shares Withheld
What Happened Kevin McLain, SVP, Merchandising at Ollie's Bargain Outlet (OLLI), had 1,078 restricted stock units (RSUs vest) convert into common shares on March 23, 2026. The filing shows 1,078 shares acquired on conversion and 466 shares surrendered/withheld to satisfy tax obligations at an implied fair market value of $94.45 per share (total ≈ $44,014). The transaction was reported on Form 4 filed March 25, 2026.
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely).
- Vesting/conversion: 1,078 RSUs → 1,078 common shares (reported as acquired at $0 per share).
- Tax withholding: 466 shares surrendered/disposed to cover taxes at $94.45/share = $44,014 (reported as payment of tax liability).
- Filing notes: RSUs convert one-for-one on vesting; vesting schedule was 25% annually from March 23, 2023–2027. Footnotes state surrendered shares were cancelled by the issuer in exchange for paying the holder's tax withholding.
- Shares owned after the transaction: not specified in the information provided in this summary.
Context This was a vesting event with shares withheld to cover taxes (a routine, non-open-market transaction), not an opportunistic sale. For retail investors, such tax-withholding surrenders are common and do not necessarily indicate a buy or sell signal about the executive’s view of the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-03-23+1,078→ 13,892 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-03-23$94.45/sh−466$44,014→ 13,426 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-03-23−1,078→ 1,078 total→ Common Stock (1,078 underlying)
Footnotes (6)
- [F1]Represents the conversion upon vesting of a restricted stock award into common stock ("Common Stock").
- [F2]Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
- [F4]The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 23, 2026.
- [F5]Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- [F6]The RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, March 23, 2023, subject to continued service through each applicable vesting date. The reporting person was granted 4,312 RSUs, of which 1,078 vested on March 23, 2024; 1,078 vested on March 23, 2025; 1,078 vested on March 23, 2026; and 1,078 vest on March 23, 2027.